The markets tumbled to a sharply lower close with
the Dow plummeting 157 points to 16,980 after Wal-Mart warned of lower earnings for the next fiscal year. Nasdaq lost 13 points to
4,782.
On the upside
RBC Capital Markets lifted its price target on Intel (Nasdaq: INTC) from $33 to $34.
Bloomberg reported that Micron Technology (Nasdaq: MU) initiated conversations with SanDisk (Nasdaq: SNDK) for a possible acquisition.
Rising gold prices lifted shares of Barrick Gold (NYSE: ABX).
On the downside
Amyris (Nasdaq: AMRS) will offer $50 million in convertible senior notes.
Shares of Eros International (NYSE: EROS) continued falling after announcing yesterday that it acquired music messaging company PingTune.
The Food and Drug Administration's Peripheral and Central Nervous System Drugs Advisory Committee will not review Sarepta Therapeutics' (Nasdaq: SRPT) New Drug Application for the Duchenne muscular dystrophy treatment eteplirsen until January 22, 2016.
In
the broad market, declining issues outpaced advancers by a margin of
nearly 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P
500 lsot 9 points to 1,994. Bitcoin added $4 to $252.
Markets plunge over retailer woes
October 14, 2015 at 18:34 PM EDT
